BTCUSD (Coinbase) A couple of weeks ago we highlighted the $45,000 area as key resistance and that the bull trend will only resume on a break above. The potential for a head and shoulders pattern is now negated and the prospects for a continuation towards 50,000 have improved dramatically. At
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BTCUSD (Coinbase) We can’t see a lot of activity in Bitcoin during the last couple of days and it looks like buyers have shifted attention to other coins. In terms of technicals, the price is now locked inside a triangle pattern and figuring out the next impulsive move looks a
BTCUSD (Coinbase) Despite a temporary dip below $40,000, the Bitcoin price managed to rebound, communicating buyers were confident to buy around the lows. Although some losses have been erased, we would like to reiterate caution, as some signs continue to point towards uncertainty. Added to that, you should not forget
BTCUSD (Coinbase) Bitcoin volatility is lower now and the price continues to slowly slide lower in the aftermath of the ETF saga. Despite interest in such instruments listed in the US market, the BTC price is no longer affected by this piece of news. The market should shift attention to
BTCUSD (Coinbase) The ETF drama is over and now there are 11 such instruments listed in the US. We’ve warned that a buy-the-rumor sell-the-fact scenario could unfold and so far our call has been right. Additionally, we’ve flagged the $48,200 as a key resistance level and the price failed to
BTCUSD (Coinbase) Last week we had a confirmation that markets are heavily focused on the BTC ETF launch. It took only an unconfirmed negative news to plunge by 5%. Still, the uptrend continues to be intact, as the daily chart shows. You can easily see how the market treats the
BTCUSD (Coinbase) We’re back from the holidays and the script remains the same – Bitcoin continues to go up. Currently, the price is hovering above $45,000, a key level we’ve talked about in the past. It looks like the enthusiasm around a US-listed ETF drives bullish appetite, so this could
BTCUSD (Coinbase) Happy holidays to all our readers! It’s the last week of 2023 and as expected, Bitcoin volatility is compressing. The coin staged an impressive rally this year, so there’s no point for market participants to make a strong push now. As our chart shows, the price action fluctuates
BTCUSD (Coinbase) The market is gearing up towards the final two weeks of 2023 in a consolidative mode. Bitcoin came close to retesting the $40,000 key level and found support. However, it wasn’t the start of a new leg up as the upside was capped around $43,000. Given BTC is
BTCUSD (Coinbase) This week seems to be starting with a backdrop since Bitcoin is down 3% today. Moreover, as our chart shows, we can see that the price stumbled into resistance at $45,000 and then retraced 10%. Buyers saw the dip as an opportunity to increase their long exposure, hence
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